When it involves investing in penny stocks many people tend to ignore it. Because there is always a fear of loss in them.
However, for investors who can take risks and invest their money in low-capital stocks, sometimes some stocks also make huge profits.
In the last few trading sessions, it has been seen that there are many such penny stocks, which are continuously hitting upper circuits, Sunshine Capital Ltd‘s name is also included in these.
5 Percent Rise
In early trading on Wednesday, Sunshine Capital Ltd’s share hit an upper circuit of 4.74 percent, after which it got locked for 2.43 rupees.
Let us tell you that the company has signed a term sheet with Main Stainless Steel Tubes, after which the share has gained momentum. Under this term sheet, Rs 196.49 crore was approved for a manufacturing project.
The company said in an exchange filing, that the project is estimated to be completed by April 2025, which includes a loan term of 9 years, a construction period of 12 months, and a time of 12 months on repayment.
Return Of 350 Percent In One Year
Let us tell you that in the last five trading sessions, the share of Sunshine Capital Ltd has gained 8.97 percent.
At the same time, investors have lost more than 31.55 percent during the last 6 months. Apart from this, it has given a remarkable multibagger return of 358.49% in one year.
Bonus Shares Were Distributed In The Last Few Months
Sunshine Capital Ltd is a non-banking financial company. It provides financial advice to customers on finance, investment, and other corporate loans.
Let us tell you that in March 2024, the company went through ex-bonus and ex-split corporate action.
The company had given bonus shares in a ratio of 7:1. Likewise, the split of stock was at a ratio of 10:1.
Quick Fact
Company name: Sunshine Capital
| Company name | Sunshine Capital |
|---|---|
| Stock Movement | 4.74% rise |
| Recent Price | ₹2.43 |
| Agreement | Main Stainless Steel Tubes |
| Project Value | ₹196 crore |
| Project End Time | April 2025 |
| Loan Term | 9 years |
| Construction Period | 12 months |
| Repayment Time | 12 months |
| Recent 5-day Return | 8.97% gain |
| 6-month Return | 31.55% loss |
| 1-year Return | 358.49% gain |
| Company Type | Non-banking financial |
| Services | Financial advice, loans |
| Bonus Share Ratio | 7:1 |
| Stock Split Ratio | 10:1 |
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